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FOX Business
Dec 5, 2012 4:00pm EST
a football stadium back to life to the city and the city's biggest looming crisis. liz: pandora taking a big hit today down 17.5%. the company beat on some expectations and did very well with revenues but they lowered fourth-quarter estimates saying they swing a lot. pandora president and ceo on why the expectations were lower. he says it is one metric, nothing to worry about and what is being done to bring in more revenue from the event. david: a mixed day on wall street stepping the losing streak while the nasdaq closed in the red as apple tumbled almost 7%. searching before getting back some of the gains in the last half-hour. utilities and financials with a top performing sectors. adding 118,000 private sector jobs in november. sharply down from 137,000 created in october. blaming hurricane sandy saying it trimmed job growth by 86,000 workers, small business created the fewest jobs in nearly two years. factory orders edging higher in october rising 0.8% according to the commerce department. orders for capital goods posting their biggest increase in eight months jumping nearly 3%. liz: in
Dec 5, 2012 2:00pm EST
investors hope that a deal will get done. but will apple win the online music battle? >>> why pandora is being boxed out today. >>>ed unintended consequences of all these one-time dividends. mandy's off today so let's welcome in courtney reagan. >> thank you very much, brian. >>> blue chips are ruling the roost on wall street today. the dow bouncing back from morning loss to post triple digit gains. travelers, caterpillar and chevron accounting for a big chunk of that advance. >>> apple having its worst day in four months. pushing the nasdaq into negative territory. >>> bob, apple is lower than 4% -- we're going to toss it back to brian. >> courtney, hold your horses. >>> but first we've got to get a big development on the fiscal cliff negotiations. at this point we are still just a quarter way to a deal. eamon javers, though, some republicans, call them defectors, call them break-aways, call them independent thinkers, whatever they want, what's the latest here? >> what we've seen just within the past couple of hours is a new letter from some republicans saying they'd like to see all
Dec 2, 2012 11:00pm PST
, estar junto a artistas como pandora y otros, se siente bonito? >>muy bonito, estamos felices de haber sido invitados a celebrar el legado que nos deja chespirito >>es un legado muy especial, el sentarnos en familia, a disfrutar >>la familia. >>así es, honor a quien honor merece un grande. muchas gracias, chicos. >>un gusto. >>al volver, juan gab >>> las lluvias con exceo de velocidad y en oakland arrestan a 4 personas por cometer robos, detalles a las 11 nos vemos en un ratito y regresamos a este especial de lo que no se vio de américa celebra a chespirito >>vamos a ver qué impresión tienen los colombianos de chespirito >>esta chiquibaby con margarita, la diosas de la cumbia >>me gusta el asunto, muchas gracias >>hoy necesitábamos que estuvieras aquí presente. por qué para ti es importante o especial >>chespirito ha sido un dios para los que hemos o seguimos siendo niños. él es tan inocente en todos sus personajes, es lo que quiseramos en la vida, seguir viviendo en un barril. y sus personajes que son increíbles, que nos hemos reído tanto y seguiremos riendo
FOX Business
Dec 4, 2012 3:00pm EST
't have a pandora account? half the population has an account. dennis kneale is matters if you are an active listener. dennis: i'm concerned with what investors think. it's a volatile stock. takesssuch a wild ride in response to whatever it does. now, it's expected to put up huge growth and sales today, but it won't start making money until it can pay less for the music it plays. pandora pays out half of the revenue for performance fees. last year, paid $3 million to songs, for drake, $3 million for lil' wayne raps, and cold play, so how much did old-fashion radio pay in performance fees for the same artists? zilch. radio doesn't pay at all. that's why wall street prepares for plunging profits in pandora. sales up 56% over a year ago a quarter, $217 million paying out half the revenue last year in performance fees. net income could drop 40% to $2 million. earnings could be down more than 50%. the stock could react wildly if it meets or fails the expectations. stock up 4% today in anticipation, and last quarter, popped 12% after earnings. the stock is down 50% since going public
FOX Business
Dec 5, 2012 3:00pm EST
, long lasting gaviscon®. liz: we need to show you the chart on pandora today. practically a jailbreak. plunging. down right now nearly 18%. this started after the bell yesterday. they've met and pete certain expectations. they expected a week fourth quarter profit expectation. another headwind for pandora. the internet fairness act has not passed yet. this is something pandora has to overcome. listen. >> and just terms of the financial part of business, the key is to grow our revenue faster than our usage. at the same time, we are working to achieve what we believe would be a fair level of content and that clause. liz: you cannot believe how much more they pay then satellite radio. they pay 50%. the other guy seven-10%. they expect the act to be voted on some type of march or june next year. coming up in the next hour on after the bell, everything that is pandora, a conversation with president and ceo john kennedy. we had a trader yesterday who said this fall is a buying opportunity. you can really see that it has been a tough road since, of course, march. citigroup is looking to trim
Dec 5, 2012 9:00am EST
years. wait until you hear what they said about china. >> a big day in media. pandora ceo joins us live later this morning as the stock fell nearly 20% on weak guidance and netflix signs a big exclusive with disney. how much are they having to pay up for that? >>> let's deal with this big deal. as i've been telling you we'll see a lot of big deals -- i was wrong. here we are. freeport mcmoran buying not one but two companies. the combined price if you add it all together gets close to $20 billion. that does include debt. let's go through some of the details. it's somewhat complex. let's start with bigger of the two deals. freeport's purchase of plains. approximately $6.9 billion in total now. it's a cash and stock deal. .6531 shares and 39 bucks a share in cash. that adds up to $50 a share. that's a fairly significant premium when we look at where pxp, that being the ticker symbol in question here had been trading. let's go to the second deal as well and give you details on that. there the actual cash outlay is last. 3.34 billion total. freeport already owns about 4.5%, 5% of mmp and px
Nov 30, 2012 8:30pm PST
moments with a fabulous selection of pandora charms and bracelets at jared the galleria of jewelry. this friday through sunday receive this pandora bracelet free with any pandora purchase of $125 or more. soccer ball? soccer mom. [ female announcer ] that's why he went to jared. i'm going to dream about that steak. i'm going to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit today. >> erin: we welcome you back to the at&t pac-12 championship postgame show. you saw throughout the game there david shaw said keep pounding, keep pounding, keep pounding. the cardinal did and now they are going to the rose bowl. who will stanford play in the rose bowl? we'll find out tomorrow in the big ten championship game right
FOX Business
Dec 4, 2012 4:00pm EST
, expeet that to continue. david: okay. by the way, larry, we have the numbers after hours on pandora because it's a real hit this stock is taking. there's a huge drop right now, over 10% drop. ended at 945 and now trading at 767. that's the bid after hours. any indication of something more general, maybe in terms of internet music, ect.? people thought of getting in there including apple. >> yeah, i think they were. i think it was dead wrong. volatility, pricing in a 3% 4% move, there was a lot of bullish trades put in the market in the last couple days. this is a classic example of the market getting it wrong, and, perhaps this is a good buying opportunity because of the apple news. see what happens. liz: let me tell you, the news right now is that they say for full year 2013, they'll swing to a loss of six pennys, nonetheless, they have listener hours up 67% year over year, but, clearly, that's not what the market is looking at right now. let's look at pandora right now. justin? robert, you got the numbers. >> yes, indeed, liz. you pointed it out, the forecast, starting there, the
Dec 4, 2012 3:00pm EST
'll look at pandora next. company set to report earnings after the bell. will it only get worse for pandora if apple launches that competing music service next year? apple versus pandora coming up next. >>> also, forget star wars and the clone wars. we have real life drone wars. did iran really capture one of our drones? the truth behind the shocking claims straight ahead. >>> and more than 100,000 egyptian protesters reportedly forcing president mohamed morsi to flee the palace. the latest on the story coming up next. [ male announcer ] at scottrade, you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of fi
FOX Business
Dec 4, 2012 1:00pm EST
service pandora whichh reports third quarter earnings after the bell today. dennis kneale tunes in now. law that. what is going on? dennis: wall street looking for torrid growth in sales when pandora reports today. profits not so much. wall street chief, pandora sailing at 6% according to $117 million. that is the good news but net income expected to drop 40% to $2 million. earnings per share could fall even more down 50%. the expectations are. pandora stock tumbled 4% last time i checked. maybe there's an upside surprise up 5% but stock down 50% since going public at $20 a share in june of last year and particularly wild ride. it is 12% after reporting upside results last quarter. what is the problem? some big guns may take aim at pandora's market. pandora and microsoft but also there is this. pandora pays a princely sum for music rights, performance fees and has a lot more than the other services. last year they brought in $275 million in revenue and it paid out half of that much in performance fees while it lost $20 million, paying $137 million performance fees but regular radio sta
Dec 5, 2012 4:00pm EST
. >>> meanwhile, pandora in free fall today. find out what the ceo said on cnbc today. what he might have up his sleeve. we're back in a moment. you can stay in and share something... ♪ ♪ ...or you can get out there with your friends and actually share something. ♪ the lexus december to remember sales event is on, offering some of our best values of the year. this is the pursuit of perfection. you won't just find us online, you'll also find us in person, with dedicated support teams at over 500 branches nationwide. so when you call or visit, you can ask for a name you know. because personal service starts with a real person. [ rodger ] at scottrade, seven dollar trades are just the start. our support teams are nearby, ready to help. it's no wonder so many investors are saying... [ all ] i'm with scottrade. itthank you, mr. speaker, uh,ors members of congress. in celebration of over 75 years of our government employees insurance company, or most of you know members it.congress. ...i propose savings for everyone! i'm talking hundreds here... and furthermore.. newscaster:breaking n
Dec 4, 2012 4:30pm PST
, online radio operator pandora. after the close, pandora reported it earned a nickel per share in the latest quarter. that was much stronger than expected, but its forecast for revenue this quarter was disappointing, something the company's c.e.o. blames on advertiser concern over the fiscal cliff. pandora shares closed the regular session with a 5.5% gain. but after its pessimistic outlook, shares plunged 19% in extended hours trading, falling to around $7.70 per share. three ofhe fe most actely traded exchange traded products were lower. the gainers were emerging markets and the russell 2,000 funds. and that's tonight's "market focus." >> susie: news corp is splitting into two companies. starting next year, one will focus on publishing with "the wall street journal" and other newspapers; the other will be its movie and television businesses. one of those new tv businesses could be a national sports cable channel. sports is one of the highest priced but most profitable programs to put on television. just consider that espn is a big contributor to the most profitable business u
Dec 4, 2012 5:00pm EST
of pandora being hammered. pandora cutting fourth quarter earnings and revenue outlook. down more than 17%. you are pointing out interestingly that off of the back of the netflix deal you saw a rise in pandora, as well. >> people on the street run portfolios. they don't run stocks. when something has high short interest starts moving the oertd way your brain starts to take over and you start to cover something like that. this started to raise higher and then fundamentals. some people bet on zeroes because they think they can go to zero. that is why it is very high short interest. this is closing in on 60% short interest and the valuation pretty. and members of led zeppelin which i know you watch. >> anything zep i watch. >> i think this stock could go to like a buck. >> when a stock has a move from 720 up to 950 right before this happened in three weeks. >> let's see how many times we can use that word. >> two is a enough. >>> let's talk china. the face of chinese manufacturing picking up for the first time in 13 months. is it a sign the bottom is in? is china your best bet in 2013? joini
Dec 4, 2012 7:00pm PST
day. the dow jones industrial lost 13, the nasdaq shed 5. shares in oakland-based pandora are plum etting after hours. the internet radio company posted better-than-expected quarterly results but lowered its outlook for the rest of the fiscal year. the company is facing stiffer competition from the likes of apple and microsoft. both companies are launching their own music service. pandora shares dropped 17% after the closing bell. >>> now, numbers and new numbers show home sales in california remain steady, a sign of the recovering housing market, but as john reports, in one bay area community, the supply of homes on the market is as tight as can be. >> tuesday's in walnut creek are normally reserved for real estate brokers to tour each other's available homes, but today the inventory was anything but normal. >> there are very few listings on the market, and that's causing the prices to rise. >> we toured two of the four available walnut creek properties, a fraction of the normal inventory, because many homeowners are hanging onto their homes. >> there might be as many as 25 homes
Dec 5, 2012 1:00pm EST
than .33%. phil, thank you. >>> pandora also a big stock to watch today. shares of the online music service getting crushed. right now down 18.33% at $7.71. after the company cut its outlook. "street signs" will have more on pandora's future coming up. >>> it is a story we broke right here on "power lunch" yesterday. disney and netflix in a content streaming deal. netflix's shares backing off from yesterday's big pop. this will and game changer or not? julia boorstin has a closer look for us. >> speaking today at the ubs media conference, netflix's chief content officer called the deal a game changer as it enters the same distribution window as premium cable channels like hbo and showtime. he reiterated that netflix has no plans to raise its prices in light of this new content. he says the goal is to have the best curated exclusive content and not try to secure all the content out there, and that it is better to have fewer high-quality options. he added netflix will invest more in producing its own original shows and will never sell advertising. there was no comment on how much netf
Comedy Central
Dec 5, 2012 11:30pm PST
that could open up pandora's box that could directly affect many families in america. imagine the situation if now the state, those who are not the parents of these children, have the determination as to what is in the best interest of the child. >> stephen: that's right. reaffirming protections to the disabled equals the u.n. coming between you and your child. it's hard enough for parents to get the kids to listen now. just wait until everything you say has to go through those translator headsets. ( laughter ). now, now, sure the idea that an international treaty for the disabled would give the u.n. rights to take your kid away sounds farred fetched, butun what else sounds farfetched? anyone listening to rick santorum, and yet, here we are! ( applause ) besides, besides i believe america has already proven its commitment to accessibility for the disabled because without the americans with disabilities act, bob dole would never have been able to park close to the capitol, ride up in an elevator, and roll down a ramp to see his dying wish crushed in person. we'll be right back. ( cheers and
Dec 2, 2012 5:30pm EST
immediately. here is the brand new kindle fire with netflix and pandora etc. you get the usb cable the you are alsog a $25 gift voucher. lowest price tablet on any brand name. >>guest: if your going to buy a tablet the sheer today is the day. and >>host: approaching 30,000. >>guest: we willit show. is the lowest price towelette this year and the lowest price we have ever done the kindle fire every single6 c13 at the and there 304 hundred people on the next five or 10 minutes we will have hundreds on hold. >>host: if you are going to be going out to dinner or running errands or watching a football game they will 1 extended delivery and i do not know anyone that wants to wait. get your orders and now an even if want to go to and put it in your shopping cart, at least you know that you have in it. >>guest: is price come with this price you are getting a dual-core processor and you have to compare apples to apples. this is tool core processor13 flex payments and free shipping and handling. a 7 in. color screen and in joy tablet and that is the number-one selling syste
FOX Business
Dec 4, 2012 11:00am EST
, nicole. pandora reporting after the bell, but a ceo says he has a better way to bring you the music. dennis: first, today's winners on the nasdaq. ♪ dennis: time for the media minute. when you thought america lost any claim to culture, these two comforting notes emerge. the first, lincoln is a hit. the historic film, directed by steven spiel berg, a huge explosive digital effects raked in over $80 # million, more than double for vampire hunter. they are making the dream works click to meet unexpected demand in alaska. there's this, 2012 was the best year ever for broadway. it just passed $1.1 billion, some 60% of the tickets went to a big player on broodway with lion king and mary poppins. panpandora reports earnings or e lack of them after the bell. the real problem? last year, its loyalty payments for music consumed half of revenue. they are pushing to slash the fees, but artists themselves are up in arms about it. cheryl: one of the services you want to work, but the numbers, as you said, we'll find out after the bell, the numbers are not working. dennis: and land based radio d
FOX Business
Dec 5, 2012 1:00pm EST
on the floor of the new york stock exchange. nicole, lots of cuts for pandora today. >> we were watching pandora yesterday late after the bell and came out with quarterly numbers and quickly the stock began to sell off. that has translated into today the action you are seeing. you will see down arrows right here. it has been down over 20% like it is right now. it is down $1.91 to 7.54. this is outlook giving well below the analyst expectations. they're seeing a loss in the fourth quarter. they're talking about full-year guidance that will be below the analyst expectations. revenue that is also not, not stellar and certainly not meeting what wall street had been hoping for. as a result, pandora media is really tanking today. shareholders can not be pleased with a loss of over 20%. back to you. lori:. melissa: no, i would say. nicole, thanks so much. lori: great scott! the could this be the taxi of future. two designers putting their twist on what new york city cabs could soon look like. melissa: i love it. lori: designing them in the likeness of the delorean from the "back to the future"
Dec 5, 2012 4:00am PST
in the show. pandora hit a sour note with investors last night. shares plunged after the company revealed a loss of advertising money as lawmakers fail to find harmony over averting the fiscal cliff. the brand new dreamliner is under review after making an emergency landing in new orleans due to a mechanical glitch. larry shover of sfg alternatives joins us now on this wednesday for an early look at the market. what is going on with volume? is the market in a bit of a holding pattern here? > > yeah, the market is completely in a holding pattern right now. i think what i just saw yesterday, volumes are down about 10% on the 3-month average. but let's keep in mind that all eyes are on the fiscal cliff right now. we are at the end of the year, there's a lot of performance anxiety going on right now. so people are either locking in profits or not initiating new trades. > what is driving down the dollar? > > right now what is driving down the dollar is a lack of confidence in the united states government. that's plain and simple right now. are we going to lose our safehaven status? i doubt it
Dec 23, 2012 5:30am EST
applications like pandora. you can also stream music for free with services like slacker, codify and search. >> you'll find your favorite radio station. >> liz crenshaw, news 4. >> and just about all of those apps on the online services are free. some extended services charge a fee. >>> an oscar winner comes to capitol hill. the fire-up lawmaker. still ahead, why ben afflect took the time to testify to congress. >> when i was a kid, i wanted that hero to show up. >> an [ boy 1 ] hey! that's the last crescent. oh, did you want it? yea we'll split it. [ female announcer ] made fresh, so light, buttery and flakey. that's half that's not half! guys, i have more! thanks mom [ female announcer ] pillsbury crescents. let the making begin just unroll it, fill, top, bake, and present. that must have taken you forever! it was really tough. [ female announcer ] pillsbury pie crust. let the making begin >>> oscar-winning actor and director ben afflect testified at a house hearing urging the government to do more to help resolve the violence. afflect urged to stop pressure for a special envoy to forge a
Dec 5, 2012 12:00pm EST
're seeing the ad market start to erode in terms of stocks that have come out. pandora said ad spending will be down. major advertising companies have come out saying ad spending is down. >> let me jump in a moment. i agree. you don't buy this because of inclusion. no one is -- >> i'm not saying that's why you should or shouldn't buy it. >> let the enthusiasm dry up a bit, buy it closer to 26, not 28. as long as it stays above 25, you have a set risk/reward. if it breaks 25, the situation has changed a bit. this stock has never been about valuation. it's always been magical. when the magic wore off, you could not be in -- that the magic is back, totally greater, you play it with a tight stock. i think the risk/reward is phenomen phenomenal. >> that's speaking to my case, too. >> certain stocks -- >> there are certain stocks pure in the market, don't forget that amazon got crushed. trade down to the teens. it got cheap then, now it's expensive. >> never a valuation play amazon, neither will facebook. >>> we're going to make that the last word. you have heard the cases. pete, who made the
Dec 4, 2012 11:30pm PST
it can be avoiding and who are they blaming. >>> sales of pandora plummeted. pandora is facing competition. >>> it appears brits are really getting into the royal pregnancy and bookmakers are taking odds. bets are being taken to if name of the expected babies. traditional names of royals such as elizabeth, victoria and williams are still the favorite. >>> a hollywood landmark is getting a make over. the last minute opposition to a bay area sheriff's purchase of an aerial drone. >> it's like the worse nightmare imaginable. it's like this isn't true. >> while in dialysis and (car horn) paying with your smartphone instead of cash... (phone rings) that's a step forward. with chase quickpay, you can send money directly to anyone's checking account. i guess he's a kicker... again, again! oh, no you don't! take a step forward and chase what matters. share the harmony... she'll be here soon ! she'll love this ! share a sweeter welcome... hey, hola, cómo estás ? hello, hey everyone. es un pla-cer co-no-cer-te. encantada. share everything. this holiday get verizon's share everything pl
Dec 4, 2012 5:00pm PST
the company may run out of money before that approval comes. >>> internet radio pandora is offering a bleak forecast for the next year. they posted better than expected third quarter results but said they expected a full year loss for the fiscal year that ends in january. pandora shares slid more than 18% in after hours trading. this is their latest stock diver due to increasing concerns about competition from apple. >>> netflix is adding newly released movies to its streaming service, but not until 2016. they inked a deal with disney that takes licensing rights away from stores at the end of 2015. >>> britain's dumpess of cambridge, kate middleton, spent a second day in a london hospital while being treated for acute morning sickness. prince william aarrived at the hospital this morning. he quickly walked inside to spend another day at his wife's bedside. the palace announced catted is less than twelve weeks along. she's reportedly feeling better but is expected to stay in the hospital for several days. >>> president obama's second inauguration in january is expected to be a much smaller e
Dec 21, 2012 6:00pm EST
are you, jim? what's your take on pandora, the big p? >> i don't want no pandora. i like to have companies that have a clear end game and that one doesn't have it. that's the conclusion of the lightning round. >> announcer: the lightning round sponsored by td ameasure trade. sure trade. ure trade. re trade. e trade. trade. trade. ameritrade. classic buy signal. i'm going to start a fire. one last point about this chart, can't start a fire without a flame. this is like he's at the metropolitan museum of art. another exhibit. meat. meat. this year more farmers brought animals to market because of the drought. so some people are worried there may be a shortage of hogs come next year. i rather eat a cold corn dog -- well, check that. listen, this tastes better than the dog food i ate my first year of the show. >> oh, man. this is darn good. >> cold corn dog. excuse me. ing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry ab
Dec 24, 2012 4:00am EST
on pandora, the big p? >> i don't want no pandora. i like to have companies that have a clear end game and that one doesn't have it. that's the conclusion of the lightning round. >> announcer: the lightning round sponsored by td ameritrade. >> yo, mad money. >> what's shaking? >> man, i lived in tents. let's go to karen in arizona. karen? >> what -- what -- you -- i'm sorry. the big -- >> booyah from beautiful wesley chapel. >> man, everybody is compared to where i'm from. i never say that. >> you're the sexiest man on tv, cramer. i'm always in the house of pleasure whenever i'm watching you. >> well, thank you. >> booyah from pittsburgh. how are you? >> i'm doing great. i have my pittsburgh steelers stoul. you, my friend, control your own destiny. >> so what did bob have to say about the action in goldman sachs? he thinks the technical picture frankly is down right beautiful. he's done what's known as a bullish crossover. that's where the black line -- i know this is difficult to see, but i've got keith going right to work here. this is a classic buy signal right here. believe me, cla
Dec 6, 2012 7:00am PST
is taking them from illegal, an illegal service and -- >> what's happening to pandora? >> well i'm sure pandora is doing well. i don't know what's happening to their stock price. >> you're saying the company is good? >> yeah. i think a lot of people are still listening to pandora. >> everybody looks to this question. there is apple. there is facebook. there is google. >> uh-huh. >> and there is one more. and there's this competition. is that where the game is in the digital revolution? what happens between those four companies? >> well, i definitely think those four companies are sort of very much affecting the whole sort of digital landscape, but there's a lot of other companies out there that are making meaningful impacts. you guys had mark pink its onits on yesterday. >> you watched. >> yes, i watched. for gaming we're for music, and netflix for video. many other companies are doing many things as well. >> you saw the gangnam-style guy, getting reportedly $8 million from youtube, and the itunes it down load. what does that say about the future, do you think, of th
Dec 4, 2012 4:00pm EST
'll be watching that. thank you so much, eamon. want to get to mary thompson now. >> pandora reporting an adjusted loss for the quarter -- adjusted earnings, i should say. up five cents a share on revenue of $120 million. the company also gave guidance for the fourth quarter, seeing an adjusted loss for that period. up 6 to 9 cents a share, which would be below analysts estimates for that quarter. revenues also seen slightly below analysts' estimates. so the stock in the after hours session trading lower. back to you. >> it was a five cent share earnings in the third quarter, but they're predicting a loss for the fourth. >> yes. i'm sorry. let me repeat that. on an adjusted basis, again, the company earned five cents a share on revenue of $120 million. that was actually ahead of expectations. we have earnings stimts of about a penny a share for the company. again, its fourth quarter guidance is below estimates. that's putting pressure on the stock. >> and has it down 23%. thank you. >>> egypt's president mohamed morsi fleeing the palace today. all of this as the backlash to the new sweeping power
Dec 11, 2012 5:00am PST
pandora y k-paz de la sierra la recordaron. >>> que lo haya visto y el gran amor de la nlgente. >>> es inevitable sentir tristeza por la perdida de la diva de la banda quÉ podemos decir, desearles que tenga resignaciÓn a la familia. que es una pÉrdida, muy, muy lamentable. >>> muy entrada la noche algunos fanÁticos de la diva de la banda. salieron a mostrar su tristeza, prendieron velo doras, gritaron porras y corearon algunas canciones. agradeciendo a quien en vida le dio momentos felices con su mÚsica. >>> gracias inÉs. y entre los primeros en reaccionar ante esta perdida de jenni rivera, los integrantes de alacranes musical. justo cuando se preparaban para una presentaciÓn, se confirmo la muerte de la cantante. >>> sorprendiÓ a muchos compaÑeros como alacranes musical. >>> creo que lo importante para un ser humano, es dejar esa huella dejar esa huella, y ella lo logrÓ con todas sus... con todos sus problemas y las cosas bellas que la vida le dio. creo que lo logrÓ. y es el fin del ser humano, dejar huella en todos. >>> estÁn seguros que su legado perdurara para siempre.
Dec 4, 2012 6:00pm PST
jumped 14% about the news. disney is the parent company of abc 7. a day of mixed reports from pandora. first it reported it's net profit tripled but it also predicted a loss in the fourth quarter. that sent stocks tumbling. >> hundreds of people signed up for jobs in a fare co-sponsored by abc 7 today. recruiters looking to fill p event the highest regency in santa clara. california army national guard, new york life insurance and as well as sleep train. two new south bay residents were at the front of the line. >> here because i just got married a few months ago. me, my husband just moved here, he's a pastor. i need to start working. so i am determined to get a job. >> i'm here after we move add cross the country with three kids. >> next event january 30th at hilton garden inn. >> still to come at 6:00 new mobile app could make your search for parking easier. >> it's just in time for holiday shopping, too. it's a story only on abc 7 news. back >>> starting today finding a parking spot will be easier if you down load a new free smart phone app. >> nice to hear. we have more on how som
Dec 5, 2012 4:30am PST
cliff." 29% would hold the president responsible. >>> shares of pandora media fell nearly 20% in after-hours trading on a disurge asking outlook for their current quarter. the oakland-based internet radio company says it expects to lose between 6 and 9 cents a share in the 4th quarter. they reported 3rd quarter profits tripled to $2 million. that worked out to a penny a share and apparently not enough. >>> "star wars" franchise is officially gone to disneyland. federal regulators have cleared disney's $4 billion purchase. lucasfilm. filmmaker empire behind the "star wars" franchise. sale was announced back this october. disney says it plans to may sequels to the six-part "star wars" series so get ready for that >>> netflix has grabbed exclusive rights to show disney movies shortly after they end their run in the theaters speaking of disney. the announcement is a breakthrough for the embattled video service. this is the first time a major hollywood studio has sold the rights to netflix instead of a network. the deal goes into effect in 2016. >>> alameda county elections officials have
Dec 5, 2012 2:00am PST
as a person of interest about the murder of a fellow american. back on the street, keep an eye on pandora. it plunged 23% after the bell. and does it sometimes feel like you spend your whole life on line? according to a report, the united states spends 121 billion minutes on social media sites. this was just in july. that is more than 230,000 years. as you can imagine, it's facebook, twitter, linked in and pinterest that were among the biggest. >>> bob costas talked about the firestorm over his comments following the murder-suicide by jovan belcher. >> what i was talking about here, and i'm sorry if that wasn't clear to everybody, was a gun culture. i never mentioned the second amendment. i never used the words gun control. people inferred that. now, do i believe that we need more comprehensive and more sensible gun control legislation? yes, i do. that doesn't mean repeal of the second amendment. that doesn't mean a prohibition on somebody having a gun to protect their home and their family. it means sensible and more comprehensive gun control legislation. but even if you had that, you wo
Dec 3, 2012 4:30pm PST
care reform. also tomorrow, toll brothers reports earnings, and pandora, the internet radio site is also out with quarterly results. and finally tonight, we want to remind you about a special guest on "n.b.r.," later this week. "n.b.r." founding co-anchor, paul kangas will join us on thursday night, december 6. we'll talk about the markets, and he'll answer some of your questions. that's thursday, december 6. you can submit your questions on facebook or twitter, at "bizrpt." >> tom, the questions are just flowing in, we have enough to fill a half hour with paul. so i think it's going to be really a lot of fun. >> tom: it will be. lots of questions about stock market technology. one asking paul, will the dow hit 8,000 or 18,000. also some maritime matters, what sailor paul has done throughout his career and a little bit of conversation about the boat business maybe. >> susie: yeah, he served in the coast guard. we have lots to tlk with paul about. paul, if you are watching we are looking forward to seeing you. that's nightly business report for monday, december 3. have a great eve
Dec 4, 2012 6:00am PST
that we will avoid this. >> watching pandora. the internet radio co. will be giving their quarterly numbers. the airports have been shut down and it is a clerical union strike. this is in its second week and the good news is that it is sending--the strike is costing a billion dollars a day. we're also watching the oil companies. this year to avoid the tax with the fiscal cliff. >> a warning from the centers for disease control this coming flu season could be a particularly bad one. if you have not got a flu shot, you might want to consider it. dr. randy bergen with kaiser in walnut creek says that the strain of the flu is also more polled net this year which is why everyone over the age of 6 months to get a flu shot. especially those most at risk. many people avoid the flu shot out of fear that it will give them the flu. not true says dr. bergen. >> according to the cdc's more than a third of americans have been vaccinated, and the vaccine formulated for this year is well matched to the strands of the virus seems so far. >> the alameda county sheriff's office says that it wants to u
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